Local view for "http://purl.org/linkedpolitics/eu/plenary/2008-12-03-Speech-3-080"
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"en.20081203.13.3-080"2
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"Mr President, Mr Alumnia, Mr Novelli, Mr Barroso, a short while ago, we were told that the time had come for the Commission to nudge Member States. If such is the Commission’s strategy, you are welcome here in Parliament, and you will have our full support in the implementation of such a strategy.
Finally, may I make a final comment on the European Investment Bank. It is now charged with many tasks, but we must monitor the way in which the banks themselves implement these facilities and tools, which are now being proposed once again since SMEs are obliged to use the banking system in order to access them. Well we know how fragile the banking system is, and so I should like to ask you to look at this issue closely and I invite us collectively to learn the lessons of the past, in other words to define the public expenditure that is useful for our long-term objectives in a coordinated manner, otherwise that public expenditure will be pointless.
For us, the current problem resides in the degree of cooperation between Member States. Too often, what we see is a realisation of the urgency of the situation and a juxtaposition of national solutions that are then dressed up as a European solution. We think that we must proceed differently if we wish to make better use of our resources.
With regard to the international financial architecture, the G20 met and defined future deadlines. When I look at the conclusions of the Ecofin Council, as adopted yesterday, one thing strikes me, which is that I do not see any mandate for the Commission in its conclusions. I therefore would like the Council to tell me how it intends to implement its proposals, in particular with regard to combating the non-cooperative nature of certain jurisdictions and defining the role of the IMF in relation to other international financial institutions.
I would also like the Council and the Commission to tell us what are the next stages in the light of the timetable adopted, and under what conditions might Parliament become involved in these debates, since I believe that this is how we must proceed if we want a European dynamic.
With regard to the recovery plan, a figure of 1.5% was flagged up. Compared to the figures circulating previously, this must be considered a step in the right direction. Will it be enough, is it really 1.5% or is this renaming of expenditure already planned? We will have to examine this in more detail.
But with regard to the plan itself, I would like to make three comments. Firstly, if there is no real coordination, within the meaning of the treaty, within the meaning of Article 99, which asks Member States to consider their economic policies as issues of common interest, we will fail. I am amazed to see that even from the conclusions of yesterday’s Ecofin Council this method is still not being used. The coordination of economic policies in this critical phase cannot merely comprise submission by Member States of recovery plans initially discussed by their governments then subsequently assessed by the Commission. This is not enough.
Secondly, I am amazed to see how no reference is made in this document to the prospect of a bounce-back, which I know is incompatible with the Treaty in its current state, but neither is reference made any longer to the idea circulating here and there, in my opinion quite rightly, of possible pooling of the borrowings of Member States in the euro zone.
If the Commission wishes to be audacious, now is the time to initiate these lines of debate. Perhaps the Council will not immediately support such a proposal, but given your record in this Chamber, you will, I am almost certain, be able to obtain support here in Parliament, which makes it worthwhile your continuing along these lines.
The third issue is that of jobs and wages. You just referred to the importance of the goal in terms of jobs. Do not forget that these must be high-quality jobs, or we will not reach the goals we defined in our Lisbon Strategy."@en1
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